§ 1131.101 Required Provisions
§ 1131.102 Nonforfeiture
§ 1131.103 Grace Period
§ 1131.104 Incontestability of Policy
§ 1131.105 Application for Policy; Statements of Insured
§ 1131.106 Evidence of Insurability
§ 1131.107 Adjustment of Premiums or Benefits If Age of Insured Is Misstated
§ 1131.108 Insurance Certificate
§ 1131.109 Person to Whom Benefits Are Payable
§ 1131.110 Right to Individual Policy On Termination of Employment or Membership
§ 1131.111 Right to Individual Policy On Termination of Coverage Under Group Policy
§ 1131.112 Payment of Benefits On Death of Insured Before Individual Policy Becomes Effective

Terms Used In Texas Insurance Code Chapter 1131 > Subchapter C - Group Life Insurance: Required Provisions

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005